Question

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Ques: Define production in the terms of economics.​

Answer 1

Explanation:

Economic production is an activity carried out under the control and responsibility of an institutional unit that uses inputs of labour, capital, and goods and services to produce outputs of goods or services.

Answer 2

Answer:

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✳️ Production✳️

▶️Economic production is an activity carried out under the control and responsibility of an institutional unit that uses inputs of labour, capital, and goods and services to produce outputs of goods or services.

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